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MCB Bank was incorporated as Muslim Commercial Bank in July 1947, shortly before the Partition of India, under the encouragement of Muhammad Ali Jinnah. [2] The founders, Adamjee Haji Dawood and M. A. Ispahani, were joined by directors from major Muslim commercial and industrial families, including the Ispahani, Adamjee, Dada, Arag, and Amin Jute families. [2]
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MCB Group is a large financial services conglomerate. As of 31 March 2015, it had an estimated asset base of over US$7.4 billion (MUR 267.7 billion) and estimated shareholders' equity of more than US$1.0 billion (MUR 35.2 billion).
Mauritius Commercial Bank, the oldest and largest banking institution in Mauritius . MCB Group, a financial services holding company based in Mauritius, Mauritius Commercial Bank's holding company
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By Suzanne McGee, Davide Barbuscia (Reuters) -Los Angeles-based asset management firms overseeing more than $4 trillion in assets are grappling with the impact of the region's destructive ...